|
gptkbp:instanceOf
|
gptkb:legislation
|
|
gptkbp:2020Amendment
|
rescinded mandatory underwriting provisions
|
|
gptkbp:affects
|
payday lenders
consumers of short-term loans
|
|
gptkbp:alsoKnownAs
|
gptkb:CFPB_Small_Dollar_Lending_Rule
|
|
gptkbp:amendedBy
|
2020
|
|
gptkbp:codifiedIn
|
gptkb:12_CFR_Part_1041
|
|
gptkbp:country
|
gptkb:United_States
|
|
gptkbp:enforcementDate
|
2019-08-19
|
|
https://www.w3.org/2000/01/rdf-schema#label
|
CFPB Payday Rule
|
|
gptkbp:imposedBy
|
restrictions on payment withdrawal attempts
|
|
gptkbp:issuedBy
|
gptkb:Consumer_Financial_Protection_Bureau
|
|
gptkbp:limitation
|
number of consecutive loans
|
|
gptkbp:officialName
|
gptkb:Payday,_Vehicle_Title,_and_Certain_High-Cost_Installment_Loans_Rule
|
|
gptkbp:prohibits
|
lenders from making new loans to borrowers with outstanding short-term loans
|
|
gptkbp:publicationDate
|
2017-10-05
|
|
gptkbp:purpose
|
to prevent unfair and abusive lending practices
|
|
gptkbp:regulates
|
payday loans
certain high-cost installment loans
vehicle title loans
|
|
gptkbp:relatedTo
|
gptkb:Dodd-Frank_Wall_Street_Reform_and_Consumer_Protection_Act
|
|
gptkbp:requires
|
lenders to determine borrowers’ ability to repay
|
|
gptkbp:subject
|
legal challenges
|
|
gptkbp:subjectOf
|
litigation in federal courts
public comments and controversy
|
|
gptkbp:bfsParent
|
gptkb:Payday_Lending_Rule
|
|
gptkbp:bfsLayer
|
5
|